Confluent Inc.: The Winning Streak Continues

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of Confluent Inc. CFLT traded today at $67.50, eclipsing its 52-week high. Approximately 945,000 shares have changed hands today, as compared to an average 30-day volume of 587,000 shares.

Over the past year, Confluent Inc. has traded in a range of $42.31 to $67.50 and is now at $66.46, 57% above that low.

Confluent Inc. is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company generates revenue from the sale of subscriptions and services.

Based on a current price of $66.46, Confluent Inc. is currently 41.5% above its average consensus analyst price target of $38.87.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.